KUALA LUMPUR, Malaysia, March 24, 2016 /PRNewswire/ — As one of the companies whose products earlier this year achieved Shariah-compliant status from IBFIM (formerly known as the Islamic Banking and Finance Institute Malaysia), Asia Plantation Capital Berhad is proud to be one of the supporters of the Islamic Finance Conference 2016, which took place today.
Jointly organised by the Malaysian Institute of Accountants (MIA) and IBFIM, this year’s one-day conference carries the theme, ‘Future Banking in the Technological Advancement Era’. It is designed to strengthen the competencies of senior management and professionals in the Islamic financial industry, with the objective of providing useful insights on practical issues and solutions in advancing Islamic finance.
The discussions today covered topics such as ‘Redefining the Business Model: What Changes Are Needed to Succeed in a Competitive Market?’, ‘Investment Account as a New Product Offering for Customers’, ‘Impact of Financial Technology (Fintech) on Islamic Finance’, ‘MFRS 9 Financial Instruments — Impact and Challenges for Islamic Financial Institutions’, ‘Raising Capital: Corporate Funding Strategies in the Current Economic Environment’, and ‘Shariah and Human Talent Development for the Islamic Finance Industry’.
These important and contemporary issues were deliberated over by renowned experts in the Islamic finance industry, such as Badlisyah Abdul Ghani (founding President of the Chartered Institute of Islamic Finance Professionals), Professor Dr Mohamed Akram Laldin (Executive Director of the International Shari’ah Research Academy in Islamic Finance), Professor Datuk Dr Syed Othman Alhabshi (Deputy President Academic of International Centre for Education in Islamic Finance, INCEIF), and Associate Professor Dr Aznan Hasan (member of the Shariah Advisory Council at the Securities Commission Malaysia), amongst others.
“Over the years, Islamic finance has gained worldwide recognition,” said Steve Watts, Chief Executive Officer of Asia Plantation Capital, Asia Pacific, “and it seems as though its ethical and socially responsible nature is also attracting non-Muslims. We at Asia Plantation Capital, are very happy to be able to cater to the Islamic investment market with our products that gained IBFIM’s approval for Shariah compliance in February last year. IBFIM’s approval of Asia Plantation Capital’s products has provided our Malaysian and Middle Eastern investors with the confidence and assurances that they are investing in sound and socially responsible Islamic products that are fully in accordance with their religious beliefs. We are very proud, therefore,” he concluded, “to be here to support the Islamic Finance Conference 2016 as a Gold Sponsor, and to showcase our products.”
Although operating privately since 2002, Plantation Capital was officially established in 2008 in the UK, before incorporation as Asia Plantation Capital in Sri Lanka in 2009, followed by Thailand, Hong Kong, Singapore and Malaysia. With a workforce of more than 2,000 people and 126 plantations across the globe, the company has plans to expand further into other forestry products such as bamboo and teak in the very near future.
Notes for Editors:
For further information, please contact:-
Senior PR & Marketing Executive
Office: +60 122 035 344
PR & Marketing Executive
Mobile: +65 9144 0933
About Asia Plantation Capital
Asia Plantation Capital Berhad in Malaysia is currently investing heavily in the Malaysian plantation sector, developing new plantations and factories for the production of agarwood (gaharu) and other associated products for the international export markets. The company is further strengthening its presence in Malaysia by moving its headquarters to downtown Kuala Lumpur, a year after opening Southeast Asia’s biggest agarwood processing factory and distillery in Johor Bahru, Malaysia.
The Asia Plantation Capital Group is a multi-award-winning sustainable plantation operator and management company, with projects across four continents, and a global workforce in excess of 2,000. A market leader in the industry, its Scientific Advisory Board is comprised of leading academics from various countries (China, Thailand, Malaysia, India, Switzerland and the United Arab Emirates), who have, between them, developed and patented industry-leading technologies and systems.
With a focus on commercial plantation projects and vertically integrated businesses that offer a combination of commercial, environmental and community benefits, Asia Plantation Capital has created a successful and dynamic ‘triple bottom line’ company.